Exercise of Warrants

RNS Number : 7411K

Igas Energy PLC

23 April 2010

 



23 April 2010

IGas Energy Plc

("IGas Energy" or the "Company")

Exercise of Warrants

The Company announces today that on 16 April 2010, pursuant to a warrant agreement to subscribe for ordinary shares of 50 pence each in the Company ("Shares") dated 27 November 2007, 82,500 warrants have been exercised to subscribe for 82,500 Shares at an exercise price of 55 pence per Share.  Application has been made for these Shares to be admitted to trading on AIM on 29 April 2010.  

Following this allotment and in accordance with Disclosure and Transparency Rule 5.6.1, the Company's issued ordinary share capital is now comprised of 91,095,475 Shares of 50p each with voting rights. There are no shares held in treasury.

The above figure (91,095,475) may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, IGas Energy under the FSA's Disclosure and Transparency Rules.

For further information please contact:

IGas Energy Plc	Tel: [phone]
Andrew Austin
Chief Executive Officer
Kreab Gavin Anderson	Tel: [phone]
Kate Hill
Anthony Hughes
Cenkos Securities
Jon Fitzpatrick	Tel: + 44 (0)207 397 8900
Ken Fleming	Tel: [phone]

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